New ‘best practice’ principles for superannuation products are coming. We asked a panel of experts what should be included 
5 Crucial Metrics Shaping Ethereum’s Next Move: Whale Activity and Network Growth in Focus 
Is Bitcoin’s Rally in Danger? Five Critical Signs Suggest Bull Run Could Be Nearing Its Peak 
Shiba Inu Scam Warning Shocks Community: Fraudsters Use Fake Tokens to Exploit Shibarium Enthusiasts 
Google Faces DOJ Pressure to Sell Chrome, Android, and AI Stakes to Fix Search Monopoly 
HBAR, OM, and APE Tokens Gear Up for Rally as Binance Reveals Major Trading Pair Expansion 
Ether Price Rises Despite $1.3B Whale Sell-Off, Targets $3,700 Breakout 
Solana Rises Amid ETF Hopes and Whale Activity: Is $300 Next?" 
Vladimir Putin’s Russia Declares War on Crypto Mining With Siberian Energy Limits and Tax Rules 
Ghana’s economic diplomacy: how three presidents with different ideologies dealt with the IMF and World Bank 
Gold Prices Soar Amid Geopolitical Tensions and Economic Uncertainty 
Solana Hits $262 ATH Amid $35M Whale Buys—Could $5,000 Be Next? 
Why Bitcoin’s Rally Has Traders Eyeing $135K Amid Trump’s Crypto Policy Push and ETF Boom 
Gensler's Resignation Announcement
Gary Gensler, the Chair of the U.S. SEC, will resign on January 20, 2025, when President-elect Donald Trump is inaugurated. His time in office has been marked by strong regulatory actions, especially targeting the cryptocurrency industry. Gensler's departure comes at the end of a challenging tenure.
XRP's Surge Post-Resignation
After Gary Gensler announced his resignation, XRP jumped more than 11%, breaking out of a bull pennant pattern. This pattern indicates the possibility of a further rally of up to 30%, potentially reaching $2.
Increased Whale Activity Around XRP
This week, whale activity around XRP has jumped, showing strong confidence in its future. In the past week, XRP whales bought about $526 million worth of the cryptocurrency, which is one of the biggest buy-ups in nearly three years. They acquired 453.3 million XRP tokens as the price surpassed $1 for the first time since 2021. On one day alone, whales transferred $233.76 million worth of XRP, with two big transactions of over 210 million tokens. These moves suggest that whales are taking their assets off exchanges, likely expecting prices to rise further.
Price Movement and Resistance Levels
XRPUSD breaks significant resistance at $1.26 after a minor consolidation. It hits a high of $1.43878 and is currently trading around $1.37033. Any daily close below $1 would confirm a further minor bearish trend. The pair is trading above both short-term (34 EMA and 55 EMA) and long-term moving averages (200-day EMA) on the 4-hour chart.
Short-Term Resistance and Support
The immediate resistance is around $1.50; a breach above this level could propel the pair to 1.70/\2. Any breach above $2 confirms major bullish continuation, making a jump to $3 possible. On the downside, immediate support is at $1.25, with potential declines targeting 1/1/0.85/0.74/0.74/0.6800/$0.6300.
Indicator Analysis
- Directional Movement Index: Bullish
- CCI (50): Bullish
It may be a good strategy to buy on dips around $1.25, with a stop loss set at $1 and a target profit of $2/$3.
